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Welsh Government Budget – Land Transaction Tax Rates Announced

Posted on: October 11th, 2017 by Sarah Curzon No Comments

From 1 April 2018 the Welsh Government will have tax raising powers.  Wales is to introduce the Land Transaction Tax which will replace stamp duty land tax and yesterday Finance Secretary, Mark Drakeford announced the rates which will apply in Wales from 1 April 2018.

(more…)

New Auto Enrolment duties

Posted on: October 11th, 2017 by Sarah Curzon No Comments

Sarah Curzon, Director at Broomfield & Alexander explains the new Auto Enrolment duties and the impact this may have on your business.

Since 1 October 2017, a new employer has Auto Enrolment duties from the date they first start to employ a worker. If one or more employees are aged between 22 and the state pension age, and earn more than £10,000 per year; £833 per monthly; or £192 per week, they are usually “eligible” employees who must be auto-enrolled in a workplace pension scheme, unless they notify their employer they wish to opt out. (more…)

The new Corporate offence of Failure to Prevent the Criminal Facilitation of Tax Evasion

Posted on: October 10th, 2017 by Lynda Kendall No Comments

Is your business at risk? 

The new Corporate Criminal Offence of Failure to Prevent the Facilitation of Tax Evasion was included in the Criminal Finances Act 2017 and applies from 30 September 2017. Although this new offence does not change existing laws on tax evasion, it does make it easier to prosecute companies or partnerships, rather than an individual. (more…)

Broomfield & Alexander advances in the Accountancy Age 2017 Top 50+50 rankings

Posted on: October 4th, 2017 by Ian Thomas No Comments

Accountancy firm Broomfield & Alexander has moved up to 74 from 77 in the Accountancy Age 2017 Top 50 + 50 annual survey.

The firm, with four offices across south Wales, in Cardiff, Newport, Swansea and Monmouth recorded fee income of £6.27m in 2017, a rise from £5.8m in 2016. (more…)

Finance Bill 2017-19 round-up

Posted on: October 2nd, 2017 by Leighton Reed No Comments

The government has published Finance Bill 2017-19, containing a number of changes that will affect both savers and investors.

Many of the measures in the Bill were expected in April 2017 but were withdrawn due to the snap general election, which took place on 8 June 2017. (more…)

Sole traders exposed to cash crises

Posted on: October 2nd, 2017 by Sarah Curzon No Comments

Nearly half (41%) of self-employed people struggle to save any money each month, leaving them exposed to financial problems.

Insurer LV= surveyed 9,495 self-employed workers and found one in three could not survive for more than three months if they lost their income.

Nearly two thirds (62%) of respondents said monthly bills eat up the majority of their wages. (more…)

Buy-to-let regulations fuel rent rises

Posted on: October 2nd, 2017 by Leighton Reed No Comments

Landlords are increasing rent prices due to the recent introduction of buy-to-let tax regulations, according to a study.

Estate agent Your Move analysed rental prices on around 20,000 properties and found the average rent in England and Wales rose by 3.1% in the past year to £874.

The rise in rental prices can be attributed to the recent tax changes affecting landlords, such as the mortgage interest relief and 3% stamp duty land tax surcharge. (more…)

Managing automatic re-enrolment

Posted on: October 2nd, 2017 by Clive Headon No Comments

Once you’ve been running auto-enrolment for three years you’ll need to re-enrol workers.

Over the last five years there has been a seismic shift in attitudes towards retirement saving.

Auto-enrolment means workplace pensions are now regarded by many employees as a normal part of working life. (more…)

Paper tax return deadline reminder

Posted on: October 2nd, 2017 by Leighton Reed No Comments

The deadline to submit your self-assessment paper tax return for the 2016/17 tax year is 31 October 2017.

All income received during the tax year running from 6 April to 5 April must be accounted for in your tax return.

To report your income, claim tax reliefs or any outstanding repayments, you need to complete the SA100 form. (more…)

Cyber Security – Threat or no threat

Posted on: October 2nd, 2017 by Sarah Case No Comments

Month 10 of our publication “keeping your charity on the right track” looks at cyber security.  Did you know a typical charity only spends 25% of what a similar sized business would on cyber security? Probably why they are seen as soft targets. (more…)

Latest From The Blog


Welsh Government Budget – Land Transaction Tax Rates Announced

From 1 April 2018 the Welsh Government will have tax raising powers.  Wales is to introduce the Land Transaction Tax which will replace stamp duty land tax and yesterday Finance Secretary, Mark Drakeford announced the rates which will apply in Wales from 1 April 2018.

(more…)

Read more

New Auto Enrolment duties

Sarah Curzon, Director at Broomfield & Alexander explains the new Auto Enrolment duties and the impact this may have on your business.

Since 1 October 2017, a new employer has Auto Enrolment duties from the date they first start to employ a worker. If one or more employees are aged between 22 and the state pension age, and earn more than £10,000 per year; £833...

Read more